Milan, September 12, 2017 – TAS Group, (Italian Stock Exchange: TAS), a global provider of innovative solutions in card management systems, financial messaging and capital markets, announced they have ranked in the Top 100 on the 2017 IDC FinTech Rankings for the ninth consecutive year. The most comprehensive vendor ranking within the financial services industry, the annual IDC FinTech Rankings is based on 2016 calendar year revenues attributed to financial institutions.
Executive Chairman of TAS Group Dario Pardi said, “We are proud to prove our constant commitment to serve the Financial Industry as a reliable and innovative partner. Being recognized among the top Fintech players at global level is a stimulus to do better year after year, leveraging our history and business domain expertise while evolving our technological capabilities at the speed that is required in this new instant world.”
Already a leader in the Italian market and an integral provider of fintech solutions to commercial banks and central institutions throughout Europe and America, TAS Group has renewed their governance during 2016 winning the trust of the market that led the stock to be among the Milan Stock Exchange top-tier gainers at the end of 2016 with a performance of +785% increase in price between August 2016 and July 2017. Increased presence abroad through strategic and tactical partnerships and expansion of the offer, particularly with addition of a new Digital Software Factory, are among the main drivers of expansion in the strategy of TAS Group under the new Owl Company leadership. Innovative and modular fintech frameworks, adaptable to the needs of customers and partners and ready to manage disruptive financial regulations and business models such as MiFID II, PSD2 and instant payments, are among TAS latest achievements.
Now in its 14th year, the IDC FinTech Rankings categorize and evaluate the top global providers of financial technology based on calendar year revenues from financial institutions for hardware, software and/or services. These providers supply the technological backbone of the financial services industry, an industry in which IDC Financial Insights forecasts worldwide spending on IT across the globe to reach half a trillion dollars by 2018.
The annual IDC FinTech Rankings has become an important measure of the health and direction of technology in the industry and the emergence of innovative solutions from new players. In addition, the IDC FinTech Rankings serve as a critical tool for financial services institutions to use during strategic planning and to review whenever they consider new investments in 3rd party solutions. IDC Financial Insights publishes a comprehensive report about the year's findings that is available to view or download HERE.
For more information about the rankings, visit HERE and follow on Twitter @IDC and look for #FinTechRankings.